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1 April 2012 The Government today banked an additional saving from the PBS but has again failed to deliver on its promise of 'policy certainty' for Australian patients relying on the timely subsidisation of new medicines.

Shadow Health Minister Peter Dutton said the savings announced today from price disclosure will go to the Government, but there is still a large question mark over the future listing process for new medicines.

"Price disclosure is a mechanism put in place in 2007 by the previous Coalition Government which is improving the affordability of the PBS for the Commonwealth," Mr Dutton said.

"The Government was supposed to provide 'policy certainty' in return for additional savings, but in true Labor style, it reneged on the Memorandum of Understanding with the industry just months after the agreement was reached.

"The Labor Government deferred the listing of new medicines due to 'fiscal circumstances' and still has provided no guarantees for the future.

"Price disclosure savings flow to the Government and the Minister now has no excuse not to immediately guarantee the listing of all new medicines according to the independent advice of the Government's body of experts, the PBAC.

"Labor should not just take the money and run. The Government must guarantee the listing of medicines based on clinical advice not political decisions," Mr Dutton said.

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